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Asia-Pacific Group AML

Fenergo is a leading provider of Client Lifecycle Management, AML/KYC Compliance and Client Data Management solutions for investment, corporate, commercial and private banks.

Navigating AML Rules in Asia-Pacific

Asia-Pacific is home to over 40 different regulators and varying complex approaches to Anti- Money Laundering regulation and client due diligence obligations.

The increasing costs of client onboarding and AML compliance is reflected in the enhanced regulatory frameworks introduced by the Australian Securities and Investments Commission (ASIC), Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS).

Moreover, the introduction of beneficial ownership registers in certain jurisdictions adds an additional layer of regulatory and reputational risk for financial institutions.

Rigorous Approach Required to Comply with Asia-Pacific AML

Global financial institutions need to ensure they stay consistently compliant with AML regulations throughout the APAC region or face severe reputational and financial penalties.

This involves understanding your client, identifying sources of wealth and defining ultimate beneficial ownership, while solving multiple regulations and compliance rules simultaneously.

Forward-thinking financial organizations must adopt a rigorous approach to AML compliance to future-proof against evolving regulatory requirements.

Stay Compliant with Differing AML Rules in APAC

Fenergo Anti-Money Laundering and Client Lifecycle Management software solutions enable banks across the APAC region to comply fully with a diverse range of regulatory requirements.

With Fenergo’s single, integrated regulatory platform, financial institutions can seamlessly manage client and counterparty data and document obligations for multiple APAC regulations simultaneously.

Fenergo provides sophisticated client onboarding workflows and event-driven KYC reviews, enabling faster and efficient client onboarding and reduced operational costs.

RESOURCES

brochure

Margin Requirements Compliance

Arising from the global financial crisis of 2008 came a greater need for improved transparency, more accountability and increased regulatory scrutiny around over-the-counter (OTC) derivatives to limit excessive and opaque risk-taking.

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whitepaper

Beneficial Ownership Disclosure: Lifting the Corporate Veil in APAC

In the wake of the Panama papers publication, beneficial ownership disclosure requirements have been re-examined globally. Many APAC countries are now choosing to embrace FATF recommendations, reflecting heightened global regulatory sensitivity.

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